Pina Corporation accumulates the following data relative to jobs started and finished during the month of June 2017.

Costs and Production Data		Actual		Standard
Raw materials unit cost		$2.20		$2.00
Raw materials units used		11,200		10,300
Direct labor payroll		$175,820		$169,830
Direct labor hours worked		14,900		15,300
Manufacturing overhead incurred		$202,750
Manufacturing overhead applied				$206,550
Machine hours expected to be used at normal capacity				43,500
Budgeted fixed overhead for June				$65,250
Variable overhead rate per machine hour				$3.00
Fixed overhead rate per machine hour				$1.50

Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $489,000. Selling and administrative expenses were $35,800. Assume that the amount of raw materials purchased equaled the amount used.

Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to O decimal places, e.g. 135.) (1) Total materials variance $ Materials price variance $ Materials quantity variance $ (2) Total labor variance $ Labor price variance $ Labor quantity variance $ Compute the total overhead variance. Total overhead variance Prepare an income statement for management. (Ignore income taxes.) (Round answers to 0 decimal places, e.g. 135.) PINA CORPORATION Income Statement $ >